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lic online paymentlic online premium paymentlic onlinelic paymentSOME IMPORTANT INCOME TAX BENEFITS AVAILABLE UNDER VARIOUS PLANS OF LIFE
INSURANCE ARE HIGHLIGHTED BELOW:

1) Deduction allowable from Income for payment of Life Insurance Premium (Sec. 80C).
(a) Life Insurance premia paid in order to effect or to keep in force an insurance on the life of the assessee or on the life of the spouse or any child of assessee & in the case of HUF, premium paid on the life of any member thereof under an insurance policy, (other than a contract for a deferred annuity,) issued on or before the 31st day of March 2012 shall be eligible for deduction only to the extent of 20% of the actual capital sum assured or actual premium paid whichever is less.

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(b) Life Insurance premia paid in order to effect or to keep in force an insurance on the life of the assessee or on the life of the spouse or any child of assessee & in the case of HUF, premium paid on the life of any member thereof, under an insurance policy, (other than a contract for a deferred annuity,) issued on or after the 1st day of April 2012 shall be eligible for deduction only to the extent of 10% of the actual capital sum assured or actual premium paid whichever is less..

Where the policy, issued on or after the 1st day of April, 2013, is for insurance on life of any person,

who is—lic online payment (i) a person with disability or a person with severe disability as referred to in section 80U, or

(ii) suffering from disease or ailment as specified in the rules made under section 80DDB,
deduction under this section is allowed only to the extent of 15% of the actual capital sum
assured or actual premium paid whichever is less.

lic online premium payment (c) Contribution to deferred annuity plans in order to effect or to keep in force a contract for deferred annuity, on his own life or the life of his spouse or any child of such individual, provided such contract does not contain a provision to exercise an option by the insured to receive a cash payment in lieu of the payment of annuity is eligible for deduction.

A deduction to an individual for any amount paid or deposited by him from his taxable income in the above annuity plans for receiving pension (from the fund set up by the Corporation under the Pension Scheme) is allowed.

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Add PolicyThis page would be accessible only after successful registration. After registration, the policy holder can provide the policy number and the premium amount. A reply mail would be sent to the policy holder. If there are any errors found in the policy details a reminder mail would be sent to change the details. If the policy information mentioned is error free the status information about the policy would be displayed. If the policy number is not corrected, the policy number would be deleted on the 5th day and a reminder mail sent to them.

» The policy number should be between 6 to 9 numbers only.
StatusOn successful registration, the customer will have access to information regarding status of policy/s, loan, revival, premium due/ policy calendar, maturity calendar etc.Feedback FormPolicyholders may use the ‘Feedback’ link to send their queries and valuable suggestions / comments.

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